Farther Finance Advisors LLC Raises Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Farther Finance Advisors LLC grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 891.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367 shares of the company’s stock after buying an additional 330 shares during the quarter. Farther Finance Advisors LLC’s holdings in Liberty Broadband were worth $27,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. purchased a new stake in shares of Liberty Broadband during the third quarter worth $30,000. Paloma Partners Management Co acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth about $54,000. AlphaQuest LLC raised its position in Liberty Broadband by 4,115.0% in the fourth quarter. AlphaQuest LLC now owns 843 shares of the company’s stock valued at $63,000 after purchasing an additional 823 shares during the period. Glenmede Trust Co. NA lifted its stake in Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after purchasing an additional 533 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in Liberty Broadband during the third quarter worth about $260,000. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDA opened at $84.35 on Tuesday. The stock’s 50-day moving average is $79.72 and its two-hundred day moving average is $78.97. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 15.53 and a beta of 1.08. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $252.50 million.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.